News
CEB’s strong performance confirmed in audited financial statements for 2024
08 April 2025
PARIS – The audited financial statements for 2024 of the Council of Europe Development Bank (CEB), approved by the Governing Board, post a strong financial performance, reflecting a sustained level of social investment and improved resilience.
Highlights include:
- Net financial profit of €124.3 million
- A volume of €4.5 billion in projects approved
- Completion of the first-ever capital increase with cash contributions with 95% shareholder participation
- Triple-A rating confirmed
Despite the geopolitical shifts and widespread economic uncertainties, the CEB remained steadfast in its commitment to promote social cohesion in its member countries. The Bank delivered decisively on the goals of its Strategic Framework 2023-2027 by providing financial solutions in critical social sectors, including education, health and affordable housing, with a focus on vulnerable people and communities.
The CEB’s audited results in 2024 reflect strong lending activity, with total loans amounting to €4.5 billion for 44 projects approved. Loans disbursed totalled €3.5 billion, while loans outstanding reached €22.9 billion in 2024.
The CEB’s operations have been buoyed by a robust balance sheet. The Bank’s net financial profit reached €124.3 million for 2024, an increase of 13.8% compared to 2023. Core earnings, which exclude volatile elements such as the cost of risk and the valuation of financial instruments, reached €133.4 million at the end of 2024, which represented an increase of 14.8% compared to a year earlier. All prudential ratios remained within their limits and no default, risk event or late payment was reported, in line with previous years.
By the end of the year the CEB’s financial position was further strengthened when the subscription period for the 7th capital increase successfully closed on 31 December, with a shareholders’ participation rate of over 95% supporting a first-ever capital increase with paid-in contributions.
Despite the challenging financial environment, the CEB’s triple-A credit rating, with stable outlook, was reaffirmed by the leading rating agencies Fitch (12 June 2024), Moody’s (13 September 2024), S&P (23 July 2024) and Scope (12 April 2024, unsolicited rating). The positive assessment is underpinned by the Bank’s strong capital base, solid management standards, and its public policy relevance and exclusive social mandate.
Key figures (audited)
The Council of Europe Development Bank (CEB) is a multilateral development bank, whose unique mission is to promote social cohesion in its 43 member states across Europe. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with an excellent credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.
Related publications
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Financial Report 2024
Despite geopolitical shifts and widespread economic uncertainties, the CEB's net financial profit reached €124.3 million for 2024, an … Published: April 2025 Read